Fiskars

15,44EUR +1,45 %
8 978 investerare följer bolaget.

Fiskars är en tillverkare av produkter för hem och hushåll. Produktportföljen är bred och består exempelvis av saxar, trädgårds- och matverktyg, samt övriga produkter för hem och trädgård. Verksamhet innehas på global nivå där produkterna säljs under diverse egna varumärken. Störst verksamhet återfinns inom den europeiska marknaden. Huvudkontoret ligger i Helsingfors.

P/E (23e)
12,88
EV/EBIT (23e)
11,08
P/B (23e)
1,45
Direktavkastnings- % (23e)
5,18 %
Riktkurs
18.00 EUR
Rekommendation
Öka
Uppdaterad
14.3.2023
NASDAQ Helsinki
FSKRS
Dagens lägsta / högsta pris
15,24 / 15,5 EUR
Börsvärde
1,25 md EUR
Omsättning
297,26 tn EUR
Volym
19 tn
Risk och rekommendation
HögRiskLåg
SäljRekommendationKöp

Income statement

20192020202120222023e2024e2025e2026e
Revenue1 090,441 116,171 254,351 248,441 187,081 260,171 299,601 340,36
growth-%−2,51 %2,36 %12,38 %−0,47 %−4,91 %6,16 %3,13 %3,14 %
EBITDA119,54173,41204,17193,50190,43220,02234,31240,08
EBIT (adj.)77,70109,14154,40151,00135,43157,28169,49174,54
EBIT60,0098,11142,90134,70130,43157,28169,49174,54
Profit before taxes63,1789,86144,20124,10117,43147,36159,59168,14
Net income51,6467,6886,7098,1891,77115,51123,58128,57
EPS (adj.)0,850,971,211,421,201,431,531,59
growth-%−23,65 %13,60 %24,76 %17,86 %−15,59 %19,37 %6,98 %4,04 %
Dividend0,560,600,760,800,800,820,901,12
Dividend ratio88,42 %72,23 %71,42 %65,66 %70,35 %57,29 %58,77 %70,00 %

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%10,96 %15,54 %16,28 %15,50 %16,04 %17,46 %18,03 %17,91 %
EBIT-% (adj.)7,13 %9,78 %12,31 %12,10 %11,41 %12,48 %13,04 %13,02 %
EBIT-%5,50 %8,79 %11,39 %10,79 %10,99 %12,48 %13,04 %13,02 %
ROE5,25 %8,91 %11,04 %11,95 %10,86 %13,06 %13,17 %12,92 %
ROI5,21 %10,99 %16,43 %12,59 %10,83 %13,90 %14,73 %15,03 %

Valuation

20192020202120222023e2024e2025e2026e
Share price (EUR)11,2614,9823,0015,3815,4415,4415,4415,44
Shares81,5481,4781,4780,5880,7080,7080,7080,70
Market cap918,091 220,441 873,851 239,341 246,011 246,011 246,011 246,01
Enterprise value1 069,021 269,671 906,111 563,431 444,811 388,141 328,791 282,15
EV/S0,981,141,521,251,221,101,020,96
EV/EBITDA8,947,329,348,087,596,315,675,34
EV/EBIT (adj.)13,7611,6312,3510,3510,678,837,847,35
EV/EBIT17,8212,9413,3411,6111,088,837,847,35
P/E (adj.)13,2415,5119,0810,8312,8810,7910,089,69
P/E17,7818,0321,6112,6213,5810,7910,089,69
P/B1,211,612,311,491,451,371,291,22
P/S0,841,091,490,991,050,990,960,93
Dividend yield4,97 %4,01 %3,30 %5,20 %5,18 %5,31 %5,83 %7,22 %
Equity ratio56,04 %56,76 %56,87 %52,71 %58,45 %60,71 %61,95 %65,88 %
Gearing ratio19,71 %6,55 %4,11 %38,91 %23,04 %15,55 %8,52 %3,52 %

Quarter data

Q1/22Q2/22Q3/22Q4/222022Q1/23eQ2/23eQ3/23eQ4/23e
Revenue332,85319,07292,60303,931 248,44291,41301,64281,59312,45
EBITDA56,5454,3644,2038,40193,5040,4847,1149,1753,67
EBIT41,4439,4629,4024,40134,7025,4832,1134,1738,67
Profit before taxes42,6439,2627,6014,60124,1021,9828,6131,1735,67
Net income31,2233,3922,3011,2898,1817,1722,4024,3227,88
Publisher
Omfattande aktieanalys

Fiskars: Earnings on a structural growth trend

We believe, Fiskars has completed its long-term transformation into a consumer goods company and its profitability is already structurally better than its historical levels. We believe that the current strategy supports growth and profitability improvement...

2023-03-15 av Rauli Juva
Publisher
Aktieanalys

Fiskars: Guidance for 2023 relatively good

Fiskars Q4 figures had been published in advance, so the guidance played the main role in the report. Fiskars’ 2023 guidance is that comparable EBIT will be slightly below the 2022 level (2022: 151.0 MEUR). We raised our estimate slightly and expect ...

2023-02-08 av Rauli Juva
Publisher
Video

Fiskars Group Q4'22 – Tuesday, Feb. 7 at 11:00 am EET

Follow Fiskars Group's Q4'22 info on Tuesday, February 7 at 11:00 am EET on inderesTV.

2023-02-07
Publisher
Aktieanalys

Fiskars: Q4 operating profit in line with expectations, net sales missed

Fiskars published its preliminary Q4 results on Friday, reporting comparable operating profit in line with previous guidance, but net sales were clearly lower year-on-year and thus below our expectations. In the longer term, we don’t see this as a significant...

Publisher
Aktieanalys

Fiskars: Weaker demand is hitting

Fiskars lowered its guidance last week, which lead us to cut our estimates by 4%. We continue to believe that weak consumer demand will weigh on Fiskars' net sales and earnings next year. Despite this, we see Fiskars' earnings level being structurally...

Publisher
Video

Fiskars Q3’22: In good shape towards a weakening market

Fiskars' Q3'22 was solid. Analyst Rauli Juva summarizes.

2022-11-07 av Isa Hudd
Publisher
Aktieanalys

Fiskars: Weak market challenges the upcoming quarters

Fiskars' Q3 was solid and the company continues to guide the full-year adjusted EBIT to improve. However, we believe the improvement will be very marginal and the weak market will burden next year's results, especially the beginning of the year, below...

2022-10-31 av Rauli Juva
Publisher
Video

Fiskars Group Q3'22 – Friday, Oct. 28 at 11:00 am EEST

Follow Fiskars Group's Q3'22 info on Friday, October 28 at 11:00 am EEST on inderesTV.

2022-10-28
Publisher
Aktieanalys

Fiskars: Slowing demand puts pressure on earnings

We expect slowing consumer demand to be visible in Fiskars' development over the coming year. With our estimates the performance improvement indicated by the company’s guidance will be very modest. We do, however, believe that Fiskars' performance is...

Publisher
Video

Fiskars Q2’22: Better than Expected

Fiskars’ second quarter 2022 was the 9 th consecutive quarter of net sales growth. This was achieved despite several negative factors. Together with a margin level that weakened less than expected, this resulted in a better than-expected comparable EBIT...

2022-08-08
Publisher
Aktieanalys

Fiskars: Better than expected performance in the face of headwinds

Despite several negative factors, Fiskars was able to grow its comparable net sales by almost 8% in Q2, exceeding expectations. This, together with a margin level that weakened less than expected, resulted in a better-than-expected comparable EBIT. However...

2022-07-29 av Rauli Juva
Publisher
Video

Fiskars Group Q2'22 - Thursday, Jul. 28 at 11:00 am EEST

Follow Fiskars Group's Q2'22 webcast on Thursday July 28th at 11:00 am EEST.

2022-07-28
Publisher
Aktieanalys

Fiskars: Weak Q2 expected but the share is cheap

The late spring and retailers’ high inventory levels are expected to cause more headwind for Fiskars than we previously estimated resulting in us cutting our estimates. For 2022, we now expect adjusted EBIT to be roughly at last year's level while the...

2022-07-19 av Thomas Westerholm
Publisher
Video

Fiskars Q1’22: en övertygande, strategienlig rapport

Fiskars siffror för Q1’22 var mycket övertygande. Bolaget överträffade konsensusestimaten med råge och uppvisade omsättningstillväxt inom samtliga affärssegment. Trots en galopperande inflation i övrigt lyckades bolaget även, i enlighet med uppsatt strategi...

2022-05-04
Publisher
Video

Fiskars Q1'22 – Friday, April 29 at 11:00 am EEST

Follow Fiskars Q1’22 info on Fridsay, April 29th at 11:00 am EEST on inderesTV.

2022-04-29
Publisher
Video

Fiskars: en underpresterare som växlar upp

Fiskars starka varumärkesportfölj är imponerande, men samtidigt har bolaget historiskt varit något av en underpresterare. Med ny ledning och strategi, där man satsar på vinnare för att vinna, rustar man nu för tillväxt. Fiskars analytiker Thomas Westerholm...

2022-04-11
Publisher
Aktieanalys

Fiskars: Success on a broad front

Fiskars Q4 report was strong and the company is now doing what was promised during its CMD. Fiskars that has for long had problems with growth continued to grow convincingly in each segment and in each market area, even though it faced a very strong ...

2022-02-07 av Thomas Westerholm
Publisher
Video

Fiskars Group Q4'21 – Friday, Feb. 4 at 11:00 am EET

Follow Fiskars Group Q4’21 info on Friday, February 4th at 11:00 am EET on InderesTV.

2022-02-04
Publisher
Omfattande aktieanalys

Fiskars: Entering a new growth stage with winning brands

Fiskars' equity story has progressed to an interesting turning point when the new strategy period focuses on growth and operational profitability, which has risen to a good level, and non-recurring costs that have weighed on earnings for long are expected...

2021-12-29 av Petri Kajaani